Global auto sales are in the midst of the first sustained slowdown since the 2008 financial crisis, as a result of volatile international trade policy, rising commodity prices, declining demand and tariffs
US index futures rose higher into record territory, as European stocks pared muted gains after the EURUSD rose above 1.17, pressuring exporters, while Asian shares were broadly higher, but the main theme of the session was another day of USD weakness.
"Tariffs are the greatest! Either a country which has treated the United States unfairly on Trade negotiates a fair deal, or it gets hit with Tariffs. It’s as simple as that - and everybody’s talking!"